home · filing · 0001051514-21-000066
8-K filed October 4, 2021, 7:59 PM ET
ticker SSKN
CIK 0001051514
leadership
confidence high
sentiment neutral
materiality 0.75
STRATA secures $8M MidCap loan, repays prior debt; names Christopher Lesovitz as new CFO
STRATA Skin Sciences, Inc.
Entered $8M senior secured term loan with MidCap Financial Trust, drawn Sep 30, 2021; interest at LIBOR (0.50% floor) + 7.50%; matures Sep 1, 2026.
Repaid $7.275M IDBNY loan and $500K SBA EIDL loan; old debt terminated.
CFO Matthew Hill resigns effective Oct 15; internal promotion: Christopher Lesovitz named CFO effective Oct 16, 2021.
Lesovitz receives $250K base salary, up to 50% bonus, $1K/mo car allowance, and options for 250K shares at Oct 18 close.
MidCap received warrant for 373,626 shares at $1.82, expiring Sep 30, 2031; financial covenant: min trailing rev $24M rising to $30M.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2021-10-16
Filed October 4, 2021, 7:59 PM ET
Effective October 16, 2021, the Company appointed Christopher Lesovitz (age 39) as its Chief Financial Officer.
Effective 2021-10-15
Successor Christopher Lesovitz
Filed October 4, 2021, 7:59 PM ET
On October 4, 2021, Matthew C. Hill, the Company’s Chief Financial Officer, notified the Company of his resignation effective October 15, 2021.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher Lesovitz was appointed as Chief Financial Officer at STRATA Skin Sciences, Inc..
Action appointed
Role Chief Financial Officer
Exact text from the filing
Effective October 16, 2021, the Company appointed Christopher Lesovitz (age 39) as its Chief Financial Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew C. Hill resigned as Chief Financial Officer at STRATA Skin Sciences, Inc..
Action resigned
Role Chief Financial Officer
Exact text from the filing
On October 4, 2021, Matthew C. Hill, the Company’s Chief Financial Officer, notified the Company of his resignation effective October 15, 2021.
View on SEC.gov
Source: SEC EDGAR
accession 0001051514-21-000066
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